From the South Florida site: New York developer Kar Properties LLC just dropped $33 million on a 2.9-acre site on Miami’s riverfront — triple the amount it sold for in March 2011.

While plans for the lot have not been announced, the property at Southwest 3rd Street between Miami Avenue and Southwest First Avenue, can hold up to 920 apartments and 100,000 square feet of office and retail space, the Daily Business Review reported.